One bank's problem loan became the solution to another banks' facilities needs this week, when First Chicago Corp. bought a one-million- square-foot office building from a consortium of lenders led by Citicorp.

First Chicago, which plans a merger with NBD Bancorp in which some offices will be consolidated, reportedly paid about $85 million for the Chicago building. The price is less than half the construction cost for a similar-size building, and at the same time the deal produced an acceptable return for Citicorp on a loan that was already written down, sources familiar with the deal said.

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